Ted Bauman’s Views On Bitcoin Explained

Joining Banyan Hill Publishing in 2013, Ted Bauman lends his considerable financial expertise to this company’s mission of helping average investors make great returns. He writes three financial publications; Alpha Stock Alert, The Bauman Letter, and Plan B Club. His focus is on helping his readers through strategies that are low-risk in nature and keeping asset protection as a goal. He, along with his family, resides in Atlanta, Georgia.

Ted Bauman explains that the way to lead a sovereign life is by freeing yourself from both corporate greed and government oversight. This can only be done by building up sufficient financial assets so that you can live your own life. While he was born in Washington D.C. he moved to South Africa when he was younger. While there he attended the University of Cape Town. His postgraduate degrees from that university are in history and economics. Learn more at Crunchbase about Ted Bauman

He ended up spending the next 25 years in South Africa before moving back to the United States. While in South Africa he worked in the nonprofit sector. His role entailed serving as a fund manager for nonprofits that built low-cost housing. He also co-founded a nonprofit called Slum Dwellers International. This nonprofit has so far helped more than 14 million people find affordable housing in 35 nations.

Over the last number of years, Ted Bauman has become an expert in cryptocurrencies with the big one being Bitcoin. Many people are sold on currencies like these as being the way of the future. If they work as intended people who own them can move money around anonymously and freely without having to worry about government interference. However, he sees some issues that he thinks will ultimately prevent Bitcoin from being successful.

One of the problems, he says, is that it takes far too long for a transaction to process. When you go to pay something, like say while exiting a parking garage, with Bitcoin it can take far too long to process. Sometimes it might just be minutes, which still feels like an eternity, and other times it could take an hour. This is a fundamental flaw in the technology, he says. He says that there are only two ways to deal with this issue. The first is to reduce the size of each block of data. The other way is to remove how much data is in each block. These are the only ways to make Bitcoin a viable digital currency.

Read this article:https://ezinearticles.com/expert/Ted_Bauman/1964192

 

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